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Transactions and Balances with Related Parties (Tables) | 12 Months Ended
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Dec. 31, 2023
Transactions and Balances with Related Parties [Abstract] |
Schedule of transactions with related parties | Transactions with related parties, carried out in the ordinary course of business, were as follows:
|  | 2023 |  |  | 2022 |  |  | 2021 |
Holding company |  |  |  |  |  |  |  |  |
Interest income |  |  | 79,473 |  |  |  | 55,848 |  |  |  | 34,447 |
Management staff |  |  |  |  |  |  |  |  |  |  |  |
Administrative services expenditures |  |  | 133,970 |  |  |  | 275,063 |  |  |  | 113,018 |
Other related parties |  |  |  |  |  |  |  |  |  |  |  |
Sales |  |  | 631,770 |  |  |  | 392,531 |  |  |  | 391,664 |
Purchases |  |  | 220,884 |  |  |  | 253,931 |  |  |  | 40,081 |
Direct short-term benefits (*) |  |  | 113,773 |  |  |  | 120,151 |  |  |  | 78,321 |
| (*) | Correspond to the salaries, allowances and bonuses paid to the executives of Simec.
Schedule of balances receivable from and payable to related parties | Balances receivable from and payable to related parties are as follows:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Short-term |  |  |  |  |  |
Accounts receivable: |  |  |  |  |  |
Industrias CH, S.A.B. de C.V. |  | $ | 62,055 |  |  | $ | 62,055 |
Cía. Laminadora Vista Hermosa, S.A. de C.V. |  |  | 628 |  |  |  | 974 |
Operadora Compañía Mexicana de Tubos, S.A. de C.V. |  |  | 719 |  |  |  | 824 |
Compañía Manufacturera de Tubos, S.A. de C.V. |  |  | 4 |  |  |  | 2,799 |
Cía. Tubos y Perfiles Monterrey, S.A. de C.V. |  |  | 3,318 |  |  |  | 3,371 |
Operadora Perfiles Sigosa, S.A. de C.V. |  |  | 4,108 |  |  |  | 3,999 |
Operadora Construalco, S.A. de C.V. |  |  | 518 |  |  |  | 606 |
Aceros y Laminados Sigosa, S.A. de C.V. |  |  | 1,638 |  |  |  | 16,473 |
Arrendadora Norte de Matamoros, S.A. de C.V. |  |  | 1,294 |  |  |  | 1,294 |
Comercializadora Sigosa, S.A. de C.V. |  |  | 2,080 |  |  |  | 0 |
Joist del Golfo, S.A. de C.V. |  |  | 2,582 |  |  |  | 2,582 |
Holding Protel, S.A. de C.V. |  |  | 30 |  |  |  | 304 |
Aceros CH, S.A. de C.V. |  |  | 172 |  |  |  | 130 |
Sigosa Aceros, S.A. de C.V. |  |  | 0 |  |  |  | 14 |
Siderúrgicos del Golfo, S.A. de C.V. |  |  | 332 |  |  |  | 832 |
Perfiles Comerciales Sigosa, S.A. de C.V. |  |  | 4,125 |  |  |  | 4,125 |
Pytsa Industrial de México. S.A. de C.V. |  |  | 438 |  |  |  | 438 |
Ferrovisa, S.A. de C.V. |  |  | 19,225 |  |  |  | 0 |
Acertam, S.A. de C.V. |  |  | 785 |  |  |  | 785 |
Servicios Estructurales, S.A. de C.V. |  |  | 3,241 |  |  |  | 3,047 |
Industrial Mexicana de Herramientas, S.A. de C.V. |  |  | 739 |  |  |  | 0 |
Others |  |  | 152 |  |  |  | 151 |
|  | $ | 108,183 |  |  | $ | 104,803 |
|  | December 31, |
|  | 2023 |  |  | 2022 |
Long-term |  |  |  |  |  |
Accounts receivable: |  |  |  |  |  |
Industrias CH, S.A.B. de C.V. |  | $ | 648,281 |  |  | $ | 648,281 |
|  | $ | 648,281 |  |  | $ | 648,281 |
Loans to related parties: |  |  |  |  |  |  |  |
Industrias CH, S.A.B de C.V. |  | $ | 1,044,318 |  |  | $ | 959,153 |
Perfiles Comerciales Sigosa, S.A. de C.V. |  |  | 125,612 |  |  |  | 145,910 |
|  | $ | 1,169,930 |  |  | $ | 1,105,063 |
Total, long-term |  | $ | 1,818,211 |  |  | $ | 1,753,344 |
As of December 31, 2023, the balance decreased due to a payment that was made during the year.
|  | December 31, |
|  | 2023 |  |  | 2022 |
Accounts payable: |  |  |  |  |  |
Aceros y Laminados Sigosa, S.A. de C.V. |  | $ | 4,143, |  |  | $ | 24,455 |
Industrias CH, S.A.B. de C.V. |  |  | 214,671 |  |  |  | 245,388 |
Perfiles Comeciales Sigosa, S.A. de C.V. |  |  | 3,802 |  |  |  | 3,802 |
Holding Protel, S.A. de C.V. |  |  | 399 |  |  |  | 251 |
Compañia Laminadora Vista Hermosa, S.A. de C.V. |  |  | 520 |  |  |  | 518 |
Operadora Perfiles Sigosa, S.A. de C.V. |  |  | 2,800 |  |  |  | 2,800 |
Operadora Pytsa Industrial, S.A. de C.V. |  |  | 7,933 |  |  |  | 8,353 |
Compañía Industrial Mexicana, S.A. de C.V. |  |  | 570 |  |  |  | 0 |
Compañia Manufacturera de Tubos, S.A. de C.V. |  |  | 13,345 |  |  |  | 9,837 |
Operadora Compañia Mexicana de Tubos, S.A. de C.V. |  |  | 6,924 |  |  |  | 7,583 |
Sigosa Aceros, S.A. de C.V. |  |  | 0 |  |  |  | 7 |
Cía. Mexicana de Perfiles y Tubos, S.A. de C.V. |  |  | 595 |  |  |  | 595 |
Industrias Procarsa, S.A. de C.V. |  |  | 139 |  |  |  | 139 |
Ferrovisa, S.A. de C.V. |  |  | 577 |  |  |  | 7,069 |
Other |  |  | 123 |  |  |  | 195 |
|  | $ | 256,541 |  |  | $ | 310,992 |
These balances correspond to accounts payable for services and/or purchases of finished products specific to your activity.
Loans from related parties: |  |  |  |  |  |
Operadora de Perfiles Sigosa, S.A. de C.V. |  | $ | 2,498,714 |  |  | $ | 2,381,464 |
|  | $ | 2,498,714 |  |  | $ | 2,381,464 |
|  | $ | 2,755,255 |  |  | $ | 2,692,456 |

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